Bendigo Accounting and Finance

Bendigo Accounting and Finance Your local Accountant and Tax Agent here in Strathdale Bendigo Victoria Australia

Bendigo Accounting & Finance can offer it's market the following services:

- Business Support
- External CEO & CFO services
- Payroll Solutions - Ask us about our own in-house software!
- BookKeeping
- Accounting
- Tax & BAS Agent
- IT and Software Solutions
- Not For Profit Support
- Project Support
- Individual Tax Returns
- Other Services

No Surprise to me at all , a prime example when businesses losses their focus and purpose and focus on money only- they ...
01/07/2026

No Surprise to me at all , a prime example when businesses losses their focus and purpose and focus on money only- they are suppose to be leading by examples !!!

It’s been a rough couple of years for Australia’s big four consultancy firms if negative news headlines are anything to go by, with a series of scandals rocking the lucrative sector.

01/06/2026
01/06/2026

# πŸ” **The Burger Shop Story: Where the Accountant Walked In…**

# # πŸ“ Scene 1 β€” The Shop

```
πŸ”πŸŸ BENDIGO BURGER CO
πŸ₯€πŸ₯€ Fresh Burgers & Cold Drinks
```

A busy little shop sells:

* πŸ” Burgers
* πŸ₯€ Cold fizzy drinks

The owner smiles proudly:

> β€œI sell burgers for $12 and drinks for $4… I think I’m making money!”

***

# # πŸ‘¨β€πŸ’Ό Scene 2 β€” The Accountant Arrives

The accountant walks in with a coffee β˜•

> β€œDo you actually know your costs?”

The owner laughs:

> β€œEasy! I just divide everything evenly.”

***

# # ⚑ Scene 3 β€” The First Mistake (Power Bill)

```
πŸ’‘ Power Bill = $1,000
Divide equally:
πŸ” = $500
πŸ₯€ = $500
```

The accountant shakes head πŸ˜„

> β€œNo no… the burger uses more power!”

# # # Why?

```
πŸ” FREEZER ❄️
πŸ” FRIDGE 🧊
πŸ” COOKING πŸ”₯
πŸ” PREP πŸ‘¨β€πŸ³

πŸ₯€ Just:
πŸ₯€ Drink machine πŸ₯€
```

βœ… Fix:

```
πŸ” gets MORE cost
πŸ₯€ gets LESS cost
```

***

# # 🏒 Scene 4 β€” Now It Gets Interesting (Rent & Insurance…)

The owner asks:

> β€œOkay smart guy… what about RENT???”

```
🏒 Rent = $5,000
πŸ›‘οΈ Insurance = $500
```

The accountant smiles 😏

> β€œAhhh… now you’re asking the real questions.”

***

# # 🧠 Scene 5 β€” The Big Realisation

The accountant draws this:

```
TYPE 1 COSTS (Direct / Usage Driven)
----------------------------------
πŸ”₯ Cooking
⚑ Power
πŸ‘¨β€πŸ³ Labour

πŸ‘‰ Depends on burgers vs drinks

TYPE 2 COSTS (Business Costs)
----------------------------
🏒 Rent
πŸ›‘οΈ Insurance
πŸ“ž Admin

πŸ‘‰ Belong to the WHOLE business
```

***

# # βš–οΈ Scene 6 β€” So How Do We Split Rent?

The owner:

> β€œSo… how do we split it?!”

The accountant gives 3 options:

***

# # # βœ… Option 1 β€” Simple (Per Item)

```
Total items sold = 10,000

Rent per item = $5,000 Γ· 10,000
= $0.50 each

πŸ” = $0.50
πŸ₯€ = $0.50
```

βœ” Easy
βœ” Practical

***

# # # βœ… Option 2 β€” Revenue Based

```
πŸ” sells for $12
πŸ₯€ sells for $4

πŸ‘‰ Burgers carry MORE rent
```

βœ” More realistic

***

# # # βœ… Option 3 β€” Space Method

```
Kitchen = 70% β†’ πŸ”
Drink area = 30% β†’ πŸ₯€
```

βœ” More accurate (advanced)

***

# # πŸ˜‚ Scene 7 β€” The Accountant Joke

The accountant leans back and says:

> β€œThis is where it gets fun…
> because rent doesn’t belong to a burger or a drink β€”
> it belongs to the business.”

The owner laughs:

> β€œSo there’s no perfect answer?”

The accountant:

> β€œExactly… which is why accountants argue about this and end up single.”

***

# # πŸ” Scene 8 β€” Final Cost Example

Now they calculate properly:

```
BURGER πŸ”
----------
Ingredients: $2.00
Labour: $1.50
Power: $1.80
Rent: $0.70
----------------------
Total Cost: $6.00

DRINK πŸ₯€
---------
Ingredients: $0.80
Labour: $0.20
Power: $0.30
Rent: $0.50
----------------------
Total Cost: $1.80
```

***

# # πŸ’₯ Scene 9 β€” The Big Discovery

The owner realises:

> β€œWait…
> My burgers are making LESS profit than I thought…
> and my drinks are actually SUPER profitable!”

***

# # βœ… Final Lesson (The Moral)

```
❌ Don’t split costs evenly
βœ… Allocate based on reality

πŸ”₯ Use:
- Usage β†’ for power, labour
🏒 Use:
- Broad allocation β†’ for rent, insurance
```

***

# # 🧠 One Line You Can Use

> β€œSome costs belong to the product, and some belong to the business β€” knowing the difference is what makes your numbers accurate.”

***

The top Tax offenders in Australia are not Australian - these companies have paid almost nil tax in Australia !!!!!!!!!!...
01/06/2026

The top Tax offenders in Australia are not Australian - these companies have paid almost nil tax in Australia !!!!!!!!!!!!!! imagine if we can just change the system so that do pay income tax flat rate of ten % !!! look the saving for our country !!! it will be only be Fair 1. There is material tax leakage

A large share of multinational revenue is not taxed in Australia
Your model suggests ~85–90% of revenue is offset or shifted

βœ”οΈ 2. The system enables this (legally!!!!!!!!)

Transfer pricing
IP licensing
debt loading
capital allowances

πŸ‘‰ These are designed features, not illegal loopholes!!!!!

βœ”οΈ 3. Advisory firms are part of the system (but part of the problem as they are more interested in helping the client than their own country as this is how they get paid).

β€œLarge accounting and advisory firms play a central role in designing and implementing multinational tax structures, within the legal framework.”

Interesting Data I was looking at , it does show that Australia property ownership needs some work on " residential "
01/06/2026

Interesting Data I was looking at , it does show that Australia property ownership needs some work on " residential "

01/06/2026

Financial success is not about how much money a country has β€” it’s about how well it is controlled, reported, and used.

This is exactly why:

Countries like Australia focus on
βœ… budget control
βœ… efficiency
βœ… tax structure

Because:
Bad controls + high income = poor outcome
Good controls + moderate income = strong outcome

done and dusted within  3-5 years ! Hypothatical workout and not political and or fully studied one
01/06/2026

done and dusted within 3-5 years ! Hypothatical workout and not political and or fully studied one

Not as bad as what people think !
01/06/2026

Not as bad as what people think !

01/06/2026

Savings ideas

* Saving: **$10 per day**
* Time: **10 years**
* Interest rate: **5% per year (compounded daily)**

***

# βœ… Simple Summary

| Item | Amount |
| ---------------- | ----------- |
| Total saved | $36,500 |
| Interest earned | $10,850 |
| **Final amount** | **$47,350** |

***

# πŸ’‘ Key Insight

* Around **30% of your final balance is interest**
* This shows the power of:
* **Consistency (daily saving)**
* **Compounding over time**

Just tell me πŸ‘

Address

Shop 48A Strath Village 134 Condon St ( Via Appointment Only )
Bendigo, VIC
3550

Opening Hours

Monday 9am - 3pm
Tuesday 9am - 3pm
Wednesday 9am - 3pm
Thursday 9am - 3pm
Friday 9am - 3pm

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